1. (a) The Secretary of the Department may revoke or suspend a license to operate a hospital in accordance with § 19-327 of the Health-General Article if an acquisition occurs without the approval of the Attorney General.
2. (b) An acquisition of a nonprofit health service plan or a nonprofit health maintenance organization may not occur without the approval of the Administration.
3. (c) A nonprofit health service plan or a nonprofit health maintenance organization may not be operated for profit.

4. (d) If the Commissioner determines that a nonprofit health service plan or a nonprofit health maintenance organization is in violation of subsection (b) or (c) of this section, the Commissioner may, in addition to any other remedies authorized by law, require the following:

   1. (1) the divestiture of the acquisition;
   2. (2) that the entity fully comply with this title;
   3. (3) that the entity file a plan for conversion to a for-profit entity as required under this title;
   4. (4) that the certificate of authority of the entity to operate as a nonprofit health service plan or a nonprofit health maintenance organization in this State be revoked or suspended; or
   5. (5) the payment of a penalty as provided for in § 4-113(d)(1) of the Insurance Article for each violation of subsection (b) or (c) of this section.

Added by Acts 1998, c. 123, § 1, eff. Oct. 1, 1998; Acts 1998, c. 124, § 1, eff. Oct. 1, 1998.